đ„ Bitcoin Secret Trading Pattern Revealed! Long Term Growth đš
In this analysis I want to shed some light on a long-term (and often overlooked) trading pattern for Bitcoin. The indicator in question is the monthly RSI.
As seen on the bottom half of the chart, the monthly RSI is following a very predictable, long-term oscillating pattern.
Long-term investors and whales are using this pattern to time their entries and exits of the market. Remember, the best strategies are often the simplest ones.
Buy BTC once the monthly RSI has hit the bottom green support, sell once the monthly RSI has hit the top red resistance. If you followed this strategy over the last years, you would've bought around 3k, sold around 60k and bought back in around 17k!
Do you consider this a useful pattern? If you have interesting long-term strategies, share them in the comments đ
As seen on the bottom half of the chart, the monthly RSI is following a very predictable, long-term oscillating pattern.
Long-term investors and whales are using this pattern to time their entries and exits of the market. Remember, the best strategies are often the simplest ones.
Buy BTC once the monthly RSI has hit the bottom green support, sell once the monthly RSI has hit the top red resistance. If you followed this strategy over the last years, you would've bought around 3k, sold around 60k and bought back in around 17k!
Do you consider this a useful pattern? If you have interesting long-term strategies, share them in the comments đ
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